[The support the Russian Czar gave the Union during the Civil War was HUGE and England has never forgiven them for doing that since the old world (mainly the British Crown) supported the South. That's one of the main reasons it has been the UK as the main instigator against all things Russian for the last century plus. The "Russia Hoax" originated with them and is just the latest example of their machinations against Russia . . . SC]

By Martin Armstrong - August 18, 2025

I learned in high school that they do not teach what goes against their agenda. I had to read The Great Crash by Galbraith, which omitted the fact that Europe defaulted on its debt in 1931, including Britain, the Commonwealth, and that included Canada.

Galbraith was a socialist who blamed corporations for omitting the actions of the government.

1931 NYSE Banking Crisis

Foreign bonds were sold in small denominations to mom-and-pop investors and were listed on the NYSE. This is a chart of the bond collapse in 1931, just on the NYSE. This was no small minor omission. The stock market tanks the risk. But wipe out the bond market, and that is what causes the depression rather than a recession. It was estimated that the average American investor held as much as $10 billion dollars in foreign bonds in 1929. In today’s dollars, that was close to $200 billion. This is what really wiped out 9,000 banks . . .

[SNIP]